Monthly US inflation to return to 0.2-0.3 pct in second half of 2022: Yellen

I'm still in the 80th percentile of happiness with my Democratic vote from last year, 105th percentile when I consider the alternative...

I laugh that you cannot consider historical patterns when pushing your political propaganda, which is what MAKES it political propaganda...

 

You would be hard pressed to prove it by the actions of consumers. They are saying one thing and spending tons on the other.

 

The BBB plan will never see Biden's desk. Joe Manchin understands what the bills are doing to inflation.

 

Maybe buying more than they need in the event the products will no longer be available? MSM may be fueling this fear.

 

Perhaps you can explain how a bill that hasn't made Biden's desk is currently impacting inflation?? Or even a bill that was signed 8 days ago, 5 days AFTER the 6.2 number came out??

Larry Summers fully disagrees with you (on the BIF and BBB anyway) and he's in somewhat of a better position to know..

 

It doesn't and won't effect inflation so long as Biden is unable to sign it.

 

Consumer spending on electronics is up though.

 

Maybe yes, maybe no... Some (experts) are saying this 2nd bill (at least the original proposals) could HELP stem inflationary issues from growing worse, so NOT signing whatever Jamboree Joe agrees to could be a bad thing...

 

Summers had concerns with the stimulus money but has no concerns with trillions more dollars going into the economy. He was a tool in the Obama Administration and he has now become a tool in the Biden Administration. Maybe you should see what role Summers played in the 2008 housing market crash.

 

Yes that is the argument the WH is trying to make. Do you have specifics on how putting trillions more into the economy will have no effect on inflation? Many also people the CBO has greatly underestimated the cost of these bill which would put more money into the economy.

 

Probably because the 2 fall bills are not going directly into the economy. Stimulus money probably hit stores within hours of being direct deposited. The other 2 bills will take months at best to see any impacts...

Hey, I'm no economer and cannot say one way or the other what the BIF and BBB can do to, or against, the economy, but nobody can credibly blame either for the current situation..

I shouldn't have to point out the Obama Administration had zero role in anything that happened in 2008... Whatever Larry did before that, it wasn't part of that administration...

 

Hot Christmas gifts. Better buy now before they are no longer available. Some people might even buy more than they need to sell later when supplies run out before Christmas.

 

Except, my wife's a buyer for Target. Another company that's seeing huge sales increase. They have all stores fully stocked and don't have any anticipated issues expected. Idk, just seems like people are saying one thing, doing another.

 

talk to them. And, I encourage you to ask them if they are enjoying the fallout from your Democrat vote? Let them know that you voted for this train wreck.

Why not see how it goes? Get out and listen to people instead of being behind a keyboard. Be a proud Democrat voter and shout it out loud that you support the inflation, the flooding of illegal aliens through the border and the Afghan debacle

Or, be a misinformed person who listens to NPR et al and loyally votes Democrat for no dar good reason other than being clueless.

Democrat votes hurt this nation; every time

 

Many companies stopped stocking goods in warehouses and instead chose to order as needed to help save money. Where does Target get most of it's products?

 

And no one who believes we are in inflationary times would add more fuel to the fire unless it's someone's political campaign promise that was made before we started seeing rising inflation and they can't back down now.

As far as the Obama Administration they brought someone into the cabinet who played a role in the housing market crash. I thought Summers had learned something when he opposed all the stimulus money but I now see he wasn't opposing Biden directly. But with Biden's Infrastructure bill and BBB bill he is caving in on his beliefs to protect the president and his party. No one other than a party tool would be against stimulus money because of inflation fears and then support trillions more money into the economy. I think Summers knows better but he's just being the tool he is.

 

Not always, but it's a pretty good measuring stick(but also rather important.) Same thing with food/groceries. We need these to stay as low as possible, so we can have accessible heating, etc for the poor(it's already come out that most poor families will be hit hard during the winter.)

And while the global chain definitely hurts, what hurts even more is that in the prior administration there was a commitment to self-sufficiency. I foresaw this problem(as Trump did) and knew we couldn't rely on the "global economy" forever. But that admission was/is still painful for Democrats. As long as Team Dem puts others above America, America will continue to come last.

 

I think the mandate economy - not the pandemic economy - has more to do with with shortages (and inflation) than global supply chain issues. Global supply chain issues are a function of the mandate economy...The mandate economy is unneccessary, BTW.

 

She was right about it in Aug 2020 when they predicted inflation for this year, which seemed obvious given the amount of money poured into the economy combined with reduced demand this year. Now we have massive demand combined with problems with supply, which no one predicts to be a permanent problem. Things are looking pretty good for those who are saving for retirement, since 401K are going through the roof, and that trend is expected to continue as the supply crunch eases.

 

Ok. It has gone up about 30cents, which seems about the same increase as years before. It has been in the same price range for about 15 years, and more. Sky is falling? Based on your posts, the sky is ALWAYS falling.

October 2021 = $3.65 per gallon for conventional reduced fat 2% milk

2020 = 3.32
2019 = 3.04
2018 = 2.90
.
.
2016 = 3.20
2012 = 3.49
2008 = 3.80
2004 = 3.16

It is about increase in demand, which throws off "supply vs demand" balance, and "mandate economy" has very little, it anything nothing to do with it.

 

Biden isn't shutting down all the dairy farms in America...Just the pipe lines, the oil drilling and oil refineries in America.

 

The supply crunch won't ease as long as there is a Biden mandate economy...BTW, a mandate economy has been judged unconstitutional by the courts.

 

If Build Back Better passes the Senate, you better get some commodities and start bartering and forget about the usefulness of the dollar...See, socialists like the leaders of the Biden Administration don't understand or don't want to understand economics.

 

Oh, wait... you can only go back to the Oct/Nov 2020 timeframe when discussing THIS particular inflation.... personal rule of the OP... 2008 never happened...

Also liked your post on 401K/retirement accounts.... As I recall, TFG figured the stock market was the only real indicator of a good economy, so no reason Biden can't spend all day touting each daily close as well...

Oh... he doesn't do that?? Ahh...

 

One pipeline which was never used, and zero refineries. Drilling is alive and well. You've been played.

US producers love higher oil prices, and will produce more, but unfortunately US oil is not well suited for gasoline production.

You go ahead and get commodities and start bartering, like in 2009 you probably poured your savings into canned food, guns and ammo, while others snapped up cheap stocks and saw their investment triple in value. I'd be bitter too if I had made the same mistake.